Here’s a portion of a recent IASB news release: The International Accounting Standards Board (IASB) has today concluded its project on improving its approach to developing and drafting disclosure requirements. The improved approach is designed to help the IASB develop Accounting Standards that would enable companies to make better judgements about which information is material…

A section of the ifrs.org website monitors the application of IFRS across the world, based on profiles for 167 jurisdictions. That’s not the whole world though, and you might well have asked – what about Ethiopia (well, you might have)? It’s not included among the 167, and barely mentioned anywhere on the website; there’s just the following…

The volume of commentary on ESG-related matters seems to grow by the day… An article by Barbara Shecter in Canada’s Financial Post considered whether pension funds have a legal obligation to consider climate change when investing. Principles for Responsible Investment (PRI), an international group backed by some of Canada’s largest pension funds, thinks so: (PRI)…

How Can We Make Accounting Cool? asked a recent Wall Street Journal article It’s written by Joe Queenan. Here are some extracts: In the past two years, as The Wall Street Journal recently reported, 300,000 accountants and auditors have left the profession, many on the dead run. The situation is so dire that American firms…

Here’s an extract from the January 2023 IASB Update: The IASB tentatively decided in September 2022 to propose adding to IFRS 3 Business Combinations a requirement for an entity to disclose quantitative information about synergies expected from a business combination in the reporting period in which the business combination occurs.  to disclose quantitative information about expected synergies…

I’ve owned several Sonos speakers for a few years… …but I’m not any kind of Sonos stakeholder beyond that. I receive a regular stream of promotional emails from them, most of which contain little to grab the attention, but I did stop at a recent one announcing its “Listen Better Report 2022,” with the capsule…

Here’s the background to another issue recently discussed by CPA Canada’s IFRS Discussion Group: Green bonds are debt instruments where the interest rate is linked to certain environmental, social and governance (ESG) metrics. Green bonds include contractual terms that cause cash flows to vary depending on whether certain ESG metrics are met (ESG features). A…

Conrad Black’s one-time globe-spanning profile has faded in recent years… His Canadian visibility now is mostly confined to his regular opinion column in the National Post, notable for its style-challenged unreadability and for its barely qualified assessment of Donald Trump as a great American President (“ Is there any sane person who in the dark and…

Should accountants worry about cryptocurrencies? asks a recent edition of ICAEW Insights. The article asked a few questions of “crypto entrepreneur” Mark Basa, whose comments include the following: If a country considers any profit as earnings – even if a cryptocurrency doesn’t have enough liquidity for its owner to withdraw – that could lead clients…

As we’ve addressed many times, the International Sustainability Standards Board has issued its first two exposure drafts, General Sustainability-related Disclosures (S1) and Climate-related Disclosures (S2), which were both open for comment until July 29, 2022. Last time we looked at some reaction to the following proposal in S2: An entity shall disclose information that enables…